Committed to your future.

ATO starts issuing "certainty" letters

Friday 29 January 2016

The ATO announced on 6 October 2015 that it will commence a "certainty letter" initiative through which it will send letters to approximately 500,000 taxpayers informing them that their 2015 tax returns are finalised. The aim of this initiative is to provide certainty to taxpayers who have met their tax obligations for the 2015 income year. Only select taxpayers who meet the following criteria can expect to receive the letters. Read more

Time to wind up your SMSF? Your list of do's and don'ts

Thursday 28 January 2016

Self Managed Super Funds (SMSF) are one of the most useful vehicles for Australians to take charge of their financial future. But SMSF's don't last forever. There will in all likelihood come a time when you will need to wind up your self-managed superannuation fund (SMSF). We outline why a SMSF might need to be wound up and provide some important do's and don'ts for when it happens. Read more

CGT roll-over for small business restructures on the way

Thursday 28 January 2016

The Government has released exposure draft legislation that proposes to provide roll-over relief for small businesses that change their legal structure. The proposed measures were announced in the 2015-2016 Federal Budget, and will apply to the transfers of assets occurring on or after 1 July 2016. Read more

Property transactions: Got an appropriate valuation?

Wednesday 27 January 2016

Not all taxpayers may be aware of how the use of estimates can affect their annual tax bill. Estimates are most commonly used in apportioning expenses between private and business use. More important however is the use of valuations to estimate the cost of transactions that are not arm's-length or when no actual cash changes hands. A common example of this is in respect of property transactions. Read more

Congratulations John Olive

Monday 1 July 2013

Horizon Group Appoints New Partner, John Olive. Read more

Taxman's new power to address Super Fund issues

Wednesday 20 February 2013

The Federal Government has proposed a new penalty regime for trustees of self managed super funds that includes penalties up to $10,200. Read more